A meeting in iCloud shows wrong hour

Problem:

Time of an event in iCloud calendar is unexpectedly moved one hour ahead, after synchronization done in Outlook either manually or with CodeTwo Sync for iCloud. 

Solution:

We have thoroughly analyzed this issue and it seems that this problem is caused directly by iCloud for Windows. This issue affects only UTC +08:00 (Perth, Australia) time zone. Be advised, the issue is not related to any CodeTwo software. We have tested iCloud for Windows in both scenarios: only with Outlook and with Outlook accompanied with CodeTwo Sync for iCloud - the problem presents itself in all cases. Please try to search for a solution online or to contact Apple support directly.